Which of the following statements is true regarding the performance by a CA of an assurance service on the reliability of information systems?

2 .

Which of the following statements is not true concerning assurance services?

3 .

The public has turned to CAs to provide assurance services primarily because

4 .

When a CA is associated with the preparation of forecasts, all of the following should be disclosed except the

5 .

Given one or more hypothetical assumptions, a responsible party may prepare, to the best of its knowledge and belief, an entity's expected financial position, results of operations, and changes in cash flows. Such prospective financial statements are known as

6 .

Which of the following are prospective financial statements upon which an accountant may appropriately report for general use?

7 .

An accountant's standard report on a compilation of a projection should not include

8 .

An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that

9 .

Accepting an engagement to compile a financial projection for a publicly held company is most likely to be inappropriate if the projection were to be distributed to

10 .

Which of the following best describes a CA's engagement to report on an entity's internal control over financial reporting?

11 .

Which of the following conditions is necessary for a practitioner to accept an attest engagement to examine and report on an entity's internal control over financial reporting?

12 .

An accountant's compilation report should be dated as of the date of

13 .

Each page of the financial statements compiled by an accountant should include a reference such as

14 .

Before performing a compilation of the financial statements of a nonpublic entity, an accountant should

15 .

Which of the following procedures is not included in a review engagement of a nonpublic entity?

16 .

The two general types of prospective financial statements are forecasts and projections. [Hint]

TrueFalse

17 .

Forecasts are prospective financial statements that present an entitys financial position, results of operations, and cash flows, to the best of the responsible partys knowledge and belief, given one or more hypothetical assumptions. [Hint]

TrueFalse

18 .

In an agreed-upon procedures engagement for which there are no proposed adjustments, the auditor is required to state that "...no matters came to our attention that caused us to believe that the (specified elements, accounts, or items) should be adjusted." [Hint]

TrueFalse

19 .

In an agreed-upon procedures engagement for which there are no proposed adjustments, the auditor is required to state that "...no matters came to our attention that caused us to believe that the (specified elements, accounts, or items) should be adjusted." [Hint]

TrueFalse

20 .

The three basic types of engagements for attestation engagements are examinations, reviews, and compilations. [Hint]

TrueFalse

21 .

is the practitioners degree of certainty that the conclusions stated in his or her report are correct.

22 .

A is prospective financial information prepared using assumptions as to the most probable courses of action for the entity.

23 .

A is an offering document issued by an organization in connection with the issue, acquisition, or exchange of its securities.

24 .

A organization is an organization that, on behalf of other organizations, has custody of assets, processes or stores data, or initiates or executes transactions.

25 .

is when a public accountant is asked by a client of another public accountant to give an opinion with respect to accounting issues or the application of auditing or review standards, or to provide generic opinion.

26 .

In an engagement, the auditor expresses a conclusion about the reliability of a written assertion prepared by a accountable party (such as management) about a subject matter measured using appropriate criteria.

27 .

In a engagement, the public accountant provides assistance in compiling the financial statements, but is not expected to provide assurance about the statements.

28 .

In a engagement the auditor directly expresses a conclusion on his or her evaluation of the subject matter using certain criteria and where the accountable party is responsible for the subject matter.

29 .

are prospective financial information prepared using assumptions reflecting management's judgment as to the most probable courses of action for the entity (same as forecast) and is prepared using one or more assumptions (hypotheses) that do not necessarily reflect the most likely course of action in management's judgment.

30 .

financial statements deal with expected future data rather than with historical data.

Answer choices in this exercise are randomized and will appear in a different order each time the page is loaded.